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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (200841)	9/8/2004 10:05:27 AM
From: Road Walker	Read Replies (2) \| Respond to of 1573718

re: As a taxpayer, how do you feel about bailing them out and helping them rebuild in the same place? Actually, insurance wise, Florida is almost "self insured". The national insurance companies have set up separate corps in FL, and much of the premiums go into a state fund that pays most of the damages. The liability to the insurance companies is really small. How do outside of FL taxpayers subsidize people who build on the water in FL? John

To: Jim McMannis who wrote (200841)	9/8/2004 10:09:05 AM
From: combjelly	Read Replies (1) \| Respond to of 1573718

"how do you feel about bailing them out and helping them rebuild in the same place? " I've always been of the opinion that if you build in a high risk area, you shouldn't be insurable. That includes on the beach, on hillsides in Malibu and on the edge of those scenic cliffs that are eroding. Or, for that matter, in a gully or on the edge of a river. On a 5 year flood plain. At the edge of a lake when the area has been in a decade long drought, and then when normal rains return... Ok, realistically there isn't much that can be done about earthquake prone areas, or where there are sinkholes or on the coast, but high risk housing shouldn't be subsidised. The Corp of Engineers have wonderful maps of any area you care to name. Anyone who has any suspicions of floods and the like needs to look at the maps of their area. Flood patterns can be interesting...